Before and after: a less secure nation?

Last update – January 2024
Business environment risk
Political risk
Commercial risk
Financing risk
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GDP USD522.0bn (World ranking 28, World Bank 2022)
Population 9.6mn (World ranking 95, World Bank 2022)
Form of state
Parliamentory Democracy
Head of government
Benjamin Netanyahu (Prime Minister)
Next elections 2028, Legislative
  • Israel excels in high-tech goods, business services and defense, boasting a developed economy and a skilled labor force
  • Despite global challenges, Israel’s economy contracted only -1.9% in 2020, rebounding strongly with +8.5% and +6.4% growth in 2021 and 2022 and remaining poised for long-term economic growth
  • Record-low unemployment at 2.6% in November 2023 and inflation dropping to 3.3% indicate a tight labor market and stable economic conditions
  • The ongoing conflict is expected to have severe, short-term consequences, affecting private consumption, labor supply and foreign investors’ confidence
  • Internal tensions and prolonged hostilities exacerbate political uncertainty. Trust issues with international allies and potential internal dissatisfaction pose challenges to the government
  • Anticipated military spending in 2024 may lead to a deficit of over 6% of GDP, contributing to public debt nearing 70%. This could impact government bonds and economic sustainability

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  Exports Rank Imports  
United States 25.4% 1 14.4% China
China 6.4% 2 10.6% United States
India 5.4% 3 5.8% Türkiye
United Kingdom 4.3% 4 5.7% Germany
Ireland 3.5% Ireland.png 5
4.6% India

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Exports Rank Imports
Non metallic mineral manufactures, n.e.s. 15.6% 1 14.4% Petroleum, petroleum products and related materials
Telecommunication and sound recording apparatus. 11.6% 2 9.6% Non metallic mineral manufactures, n.e.s
Professional and scientific instruments, n.e.s. 9.1% 3 7.9% Road vehicles
Cheminal materials and product 6.2% 4 5.5% Electrical machinery, apparatus and appliances, n.e.s. 
Electrical machinery, apparatus and appliances, n.e.s. 5.2% 5 5.4% Telecommunication and sound recording apparatus
Luca Moneta
Allianz Trade